Acquisition of TV rights to the 2007 America's Cup

03/15/2005 - 00:00 PM

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The Telecom Italia Group wishes to clarify that with regard to today’s news concerning La7’s acquisition of TV rights to the 2007 America's Cup, the sum of 2.2 million euros refers exclusively to the amount La7 paid for the TV rights. The overall cost of the deal for the Group, inclusive of new media rights, is equal to approximately 5 million euros.

Milan, March 15, 2005